Greenland Mines pegs Sarfartoq rare earth project NPV at up to US$2.05 billion in initial assessment
GRML•Strategic shareholder and offtake rights
Neo Performance Materials is to become a strategic shareholder, with non-binding offtake rights on up to 60% of future concentrate for Estonia processing.
Initial assessment for Sarfartoq rare earth project
Greenland Mines released an independent Initial Assessment for the Sarfartoq Nd-Pr rare earth project in southwest Greenland.
- High-case valuation: pre-tax NPV (8% real) up to USD 2.05 billion; pre-tax IRR 118.6%, including Indicated and Inferred resources.
- Indicated-only case: pre-tax NPV up to USD 1.49 billion; pre-tax IRR 92.7%, excluding Inferred resources.
- Nine-year mine plan processes 12.2 million tons; NdPr output projected at about 34% of non-China refined supply at 2025 demand levels.
